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Gold dips as dollar firms, yields rise
Tuesday, 15 May 2018 17:55 WIB | PRECIOUS METALS |GOLDEMAS

Gold dipped on Tuesday, heading for a third straight day of losses as a rise in U.S. borrowing costs supported the dollar and overshadowed the impact of strife in Gaza.

Spot gold had dipped 0.2 percent to $1,309.99 per ounce by 0949 GMT. U.S. gold futures for June delivery fell 0.6 percent to $1,309.70 per ounce.

Silver was down 0.4 percent at $16.43 per ounce. Platinum was up 0.1 percent at $904 per ounce, while palladium fell 2 percent to $975.72 an ounce, after dropping to a more than one-week low at $964.

Source: Reuters

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